F&N stock reports stronger profit despite lower revenue

Published on 10/07/2026 at 03:14 | Editorial responsibility: Rafael Müller, Editor-in-Chief AD HOC NEWS

F&N stock posted SGD 267 million in nine-month EBIT for fiscal 2026, up 14 percent on the year. Revenue fell 6 percent to more than SGD 1.66 billion.

F&N, SG1T58930911, Illustration mit AI erstellt.

F&N stock (ISIN SG1T58930911) was last at SGD 1.37 on the Singapore Exchange on October 6, 2026 at 3:59 p.m. SGT, with a market capitalization of SGD 1,993.7 million. The latest nine-month results show a sharper profit trend than the revenue line.

Profit growth beats revenue trend

According to Fili in a report dated October 2, 2026, Fraser and Neave reported nine-month fiscal 2026 revenue of more than SGD 1.66 billion for the period ended June 30, 2026, down 6 percent from the prior-year period. EBIT rose 14 percent to SGD 267 million, while profit attributable to the parent company increased more than 10 percent before exceptional items.

The comparison matters because operating profit improved even as reported sales declined. Fili said operating profit represented SGD 16 for every SGD 100 of revenue, versus SGD 13 a year earlier.

Beverages carry the recovery

The companys business spans beverages, dairy products, printing and publishing across Singapore, Malaysia, Thailand and Vietnam, according to MarketScreener. The latest earnings mix favors beverages, where 100PLUS and Ice Mountain sales, lower sugar costs and improved beer pricing supported operating profit.

According to Fili, beverage operating profit doubled and the segment contributed 27 percent of group profit. Dairy remains the larger business by sales, but its profit fell 7 percent as exports from Thailand to Cambodia weakened and the Malaysian farm project continued to require investment.

Vinamilk adds profit and risk

F&N also benefits from its stake in Vinamilk, which the company increased to 24.99 percent in December 2025 after buying 96 million shares. Fili estimated that the investment contributed SGD 85 million during the first nine months of fiscal 2026.

That contribution strengthens earnings but concentrates the profit profile around an associate that F&N does not control. The same report put nine-month net profit at SGD 130.6 million and said the companys investment cycle includes dairy facilities in Malaysia and Cambodia and a beverage plant in Penang.

F&N stock stays below yearly high

F&N stock was last at SGD 1.37 on October 6, 2026, with volume of 11,900 shares. The 52-week range was SGD 1.34 to SGD 1.60, placing the latest price SGD 0.23 below the yearly high.